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Economy

Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Sun, Nov 26, 2023

The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

Sun, Nov 26, 2023

The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Sat, Nov 25, 2023

Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.

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Global trade worries weigh on shares, yields, oil prices

Wed, May 08, 2019

Concerns over trade relations between the United States and China dragged on global equity markets, oil futures and U.S. Treasury yields on Tuesday as investors fretted that the world`s biggest economies were far from agreement in an ongoing trade spat.

As elections loom, Greece announces 'relief measures'

Wed, May 08, 2019

Greek Prime Minister Alexis Tsipras on Tuesday announced tax cuts and pledged to reinstate a benefit for low income pensioners among other "relief measures", weeks before municipal and European Parliament elections.

BMW hikes X3 production in China, US, mitigating fallout from tariffs

BMW hikes X3 production in China, US, mitigating fallout from tariffs

Tue, May 07, 2019

BMW`s Chief Executive on Tuesday said the carmaker has increased production of its X3 offroader model in Spartanburg, South Carolina, as well as in China, a step which reduces exposure to trade tariffs between China and the United States.

Ferrari shares race ahead after fast start to 2019

Tue, May 07, 2019

Ferrari beat forecasts on Tuesday with a 14 percent rise in first-quarter core earnings, boosting its shares on growing expectations the Italian luxury carmaker might soon raise its full-year financial targets.

Gold firms as Sino-US trade spat dents risk sentiment

Gold firms as Sino-US trade spat dents risk sentiment

Tue, May 07, 2019

Gold prices edged higher on Tuesday as investors moved away from riskier assets after U.S. President Donald Trump threatened to raise tariffs on Chinese imports.

Oil falls on concerns over trade, high U.S crude supplies

Tue, May 07, 2019

Oil prices slipped nearly 2% on Tuesday, on track to fall to their lowest closing levels in over a month, as renewed doubts over a U.S.-China trade deal stoked concerns over global growth and on expectations that U.S. crude stockpiles could hit fresh 19-month highs.

China sends top negotiator to U.S. in bid to avert tariff hike

Tue, May 07, 2019

Chinese Vice Premier Liu He will travel to Washington for trade talks on Thursday and Friday, Beijing said on Tuesday, setting up a last-ditch bid to avoid a sharp increase in tariffs on Chinese goods announced by President Donald Trump.

Bank of England hits the road to assess Brexit impact on economy

Tue, May 07, 2019

The Bank of England is monitoring road congestion around Britain`s major ports as it tries to improve its real-time intelligence of what might happen to the economy in the event of a no-deal Brexit, its chief economist said.

Venezuela opposition-led congress authorizes payment on PDVSA 2020 bond

Tue, May 07, 2019

Venezuela`s National Assembly, led by opposition leader Juan Guaido, on Tuesday authorized a $71 million interest payment on state oil company PDVSA`s 2020 bond, which is backed by shares in U.S. refiner Citgo.

Wall Street extends fall as U.S-China trade worries mount

Tue, May 07, 2019

U.S. stocks slid more than 1 percent on Tuesday in a broad-based selloff led by technology shares, as escalating trade tensions between the United States and China triggered global growth fears and kept investors away from riskier assets.

Lyft to face first major test as public company with quarterly reveal

Tue, May 07, 2019

Lyft Inc`s first quarterly report on Tuesday as a public company is expected to show investors its growth possibilities and competitive strength against rival Uber, whose initial public offering will hit the market later this week.

GM's Cruise gets $1.15 billion new cash from T. Rowe Price, SoftBank

Tue, May 07, 2019

General Motors Co`s majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors put down $1.15 billion in new equity, valuing the unit at $19 billion.

Siemens to separate struggling power and gas division

Tue, May 07, 2019

Siemens on Tuesday said it would spin off its power and gas business, separating the business which has dragged on the Germany engineering company`s performance due to collapsing demand for gas turbines amid the rise of renewable power.

J&J agrees to pay about $1 billion to resolve hip implant lawsuits: Bloomberg

Tue, May 07, 2019

Johnson & Johnson agreed to pay about $1 billion to resolve the bulk of lawsuits claiming the company sold defective metal-on-metal hip implants that ultimately had to be removed, Bloomberg reported on Tuesday, citing people with knowledge of the matter.

Oil falls near 2 percent as U.S.-China trade war intensifies

Tue, May 07, 2019

Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts over U.S.-China trade talks stoked concerns over global growth and demand even though U.S. sanctions on Iran and Venezuela tightened supply and helped stem losses.

Juncker regrets EU silence on Brexit campaign 'lies'

Tue, May 07, 2019

Jean-Claude Juncker thinks heeding David Cameron`s request to stay silent while Brexit campaigners told "lies" before Britain`s 2016 referendum was the biggest mistake he has made as EU chief executive.

UAE's Majid Al Futtaim set to raise $600 mln in "green" sukuk

Tue, May 07, 2019

Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise $600 million in "green" sukuk, or Islamic bonds, documents by one of the banks leading the deal showed on Tuesday.

Poland's JSW does not expect a fall in coal orders from ArcelorMittal

Tue, May 07, 2019

Poland`s JSW, the European Union`s biggest coking coal producer, does not expect coal orders from major client ArcelorMittal to fall following the steelmaker`s decision to halt operations at its blast furnace and steel plant in Krakow.

Asia shares linger near five-week low amid renewed US-China trade jitters

Asia shares linger near five-week low amid renewed US-China trade jitters

Tue, May 07, 2019

Asian shares wallowed near five-week lows on early Tuesday after U.S. President Donald Trump`s threat to raise tariffs re-ignited worries about U.S.-China trade tensions while Japan`s Nikkei opened down after a 10-day break.

Global stocks, yields ease losses on skepticism of Trump's China threats

Tue, May 07, 2019

Wall Street`s indexes and bond yields ended down but well above their session lows while oil futures settled higher as investors bet that U.S. President Donald Trump`s threats to raise tariffs on China would not materialize.

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